jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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January 07, 2017, 04:32:46 AM |
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If the PBOC can basically come in and dictate price policy to exchanges that control 90% of trading...then what good is it?
This is fixable. Hopefully, Bitcoiners will come to realize that using these crap exchanges is detrimental to their financial well-being. Then the 'problem' will fix itself. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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yefi
Legendary
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Activity: 2842
Merit: 1510
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January 07, 2017, 04:34:48 AM |
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So, looks like we're going right to the edge of the cliff again. Fantastic...
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fichtn12345
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January 07, 2017, 04:48:48 AM |
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I really hate to say it , but the next 24h are critical!
请您爱比特币吧!
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yonton
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January 07, 2017, 04:51:00 AM |
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Relax everyone! This was exactly what many experts expected. We will have some sideways action for a few days now before moving back up to the 900-1000 range where it will stay for January.
Don't panic lol
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Sourgummies
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January 07, 2017, 04:57:46 AM |
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I really hate to say it , but the next 24h are critical!
请您爱比特币吧!
Its going down further. Look at how that daily closed. |
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yefi
Legendary
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Activity: 2842
Merit: 1510
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January 07, 2017, 05:04:29 AM |
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Its going down further. Look at how that daily closed.
Maybe, the ask side is pretty damn thin now though. Shorts will probably want to take the opportunity to close in this range as we're approaching the trend line which has proven strong support. |
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Sourgummies
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January 07, 2017, 05:06:10 AM |
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Its going down further. Look at how that daily closed.
Maybe, the ask side is pretty damn thin now though. Shorts will probably want to take the opportunity to close in this range as we're approaching the trend line which has proven strong support. Listen. I want btc backup in the moon as much as the next guy but after that kind of pump I think its going to take months before we find the floor and start coming back up. But im not a professional trader so dont trade on my advice or opinion please. |
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yonton
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January 07, 2017, 05:06:45 AM |
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3 big red dildos aren't going to stop me from buying right now
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boyshx
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January 07, 2017, 05:09:37 AM |
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we are screwed if it goes lower than 800 right?
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sidhujag
Legendary
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Activity: 2044
Merit: 1005
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January 07, 2017, 05:10:54 AM |
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Its going down further. Look at how that daily closed.
Maybe, the ask side is pretty damn thin now though. Shorts will probably want to take the opportunity to close in this range as we're approaching the trend line which has proven strong support. Listen. I want btc backup in the moon as much as the next guy but after that kind of pump I think its going to take months before we find the floor and start coming back up. But im not a professional trader so dont trade on my advice or opinion please. Good analysis your on the right track |
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Sourgummies
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January 07, 2017, 05:11:37 AM |
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3 big red dildos aren't going to stop me from buying right now
Good luck my friend. |
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yonton
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January 07, 2017, 05:15:49 AM |
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Yuan just had its biggest one day increase in a decade. That will fade quickly.
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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January 07, 2017, 05:16:53 AM |
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Huh. Well this is a nice surprise. Recently I sold some coins that I had really wanted to hold on to for longer to get better liquidity. Sold em at just under 900 euro at the time. Time to buy some of them back. Nom nom.
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yefi
Legendary
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Activity: 2842
Merit: 1510
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January 07, 2017, 05:30:33 AM |
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Listen. I want btc backup in the moon as much as the next guy but after that kind of pump I think its going to take months before we find the floor and start coming back up. But im not a professional trader so dont trade on my advice or opinion please.
I think it's rather unlikely that I'd trade on anyone's advice or opinions tbh  This is a potential bottom of this move for me. Volatility on the log scale is similar to other two rallies (500 and 780) and we're near to support. Whether there'll be a continuation of the bull trend is another question. |
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yonton
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January 07, 2017, 05:31:04 AM |
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Bitcoin warning lol that's nothing. This btc rise was due to yuan weakness and the btc dump was caused by yuans one day record breaking pump. The correlation between the two are the main factor for Bitcoin. Imagine how high our btc rally could have went if the yuan didn't have that extremely rare increase right in the middle of our celebration
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simmo77
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January 07, 2017, 05:33:37 AM |
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Who's to say China won't release another "warning" about bitcoin when we're approaching $1100 again or $1500, etc.?
Who's to say the "warning" was the reason for the sell-off? |
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yonton
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January 07, 2017, 05:46:28 AM |
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It's pretty clear that we had a bubble that needed to pop and a strong 2 day yuan ignited the fire bringing btc down further than it should have. It's an excellent time to buy. In fact it might be one of the very best buying opportunitys we will ever see again. the yuan will continue its weakness now
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10134
Self-Custody is a right. Say no to"Non-custodial"
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January 07, 2017, 06:01:56 AM |
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Relax everyone! This was exactly what many experts expected. We will have some sideways action for a few days now before moving back up to the 900-1000 range where it will stay for January.
Don't panic lol
What is the appeal to authority "experts"? Who? I think that I agree with the conclusion that the worst of the dump may be done, at least for now. I would not call the next few days sideways but likely a trickle up probably to the upper $900s.. There could be a bit of a battle at $1000 but I think we will probably get past that.. and likely the bigger battle this time around will be in the pre-$1,100 territory.... maybe within a week or maybe two weeks.... I come to my tentative conclusions based on recent history in which we pretty much got to where we are on low volume, except for the past three weeks there was an intensifying of trade volume with this current week being the most intense to signify that we are likely entering into a fairly prolonged battle phase that could likely have considerable intensity and volume for many weeks - maybe up to 20 weeks... though it need not be that long, and during that time, we are likely going to continue to witness extreme and unexpected spikes in the price, likely in both directions... Sure what I say is speculation too, because there are also possibilities of: 1) sideways (like you suggested).. which just does not seem likely based on the fact that we already had considerable downwards and there is likely not agreement about this price point 2) more downward - which also seems less likely because quite a bit has already been accomplished with this downward and we are still in a kind of bull run, so the buying pressure remains or 3) a more rapid bouncing upwards, which also does not seem too likely because a lot of people have likely been scared by this most recent two to three legged downward slaughter.. .. although there could be another attempt at downward in the coming hours.. and then there goes my theory about this being done.... .. I personally have the sense that the trickle up to $1,100.. with mini battles here and there, is the more likely of the scenarios, but in the end, it does not matter what seems to be the most likely of the scenarios, any of the other less likely scenarios (including sideways as your supposed experts assert) could play out... and then mess up the currently most likely scenario.. |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10134
Self-Custody is a right. Say no to"Non-custodial"
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January 07, 2017, 06:13:16 AM |
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Who's to say China won't release another "warning" about bitcoin when we're approaching $1100 again or $1500, etc.?
This is not all about China. You know as the bitcoin market grows (various network effects) it takes more and more factors to undermine its growth and momentum which also materializes in price, so upwards price pressures are going to continue, even if from time to time there are factors (including china) or other govs that may attempt to "crack down" on bitcoin... And when you really think about it, a lot of times, gov claims to even be able to crack down on bitcoin are a bit overrated. Bitcoin warning lol that's nothing. This btc rise was due to yuan weakness and the btc dump was caused by yuans one day record breaking pump. The correlation between the two are the main factor for Bitcoin. Imagine how high our btc rally could have went if the yuan didn't have that extremely rare increase right in the middle of our celebration
You are giving way too much credit to one factor (the chinese connection). We were due for a correction.. did you see that we have not had any major correction since before the beginning of October (before lower $600s)... . This correction was due and the chinese connection or whatever may have assisted but it was not the cause.. |
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